Post Utme Futo 2019 Commerce Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Futo Commerce examination.

Post Utme Futo 2019 Commerce Objective / Multiple Choice
Question 33 POST_UTME_FUTO • 2019 • COMMERCE • objective

A company is sued for breach of contract by a supplier. The company's liability is limited by the Sale of Goods Act. Which of the following is a correct statement regarding the company's liability?

Answer Options

A. The company's liability is unlimited and the supplier can claim for all damages.
Correct Answer B. The company's liability is limited to the amount of the purchase price of the goods sold.
C. The company's liability is limited to the amount of the contract price.
D. The company's liability is limited to the amount of the purchase price of the goods sold plus interest.
Correct Answer
B
Correct Option:
The company's liability is limited to the amount of the purchase price of the goods sold.

About This Question

This is Post Utme Futo 2019 Commerce Question 33. It is one of the objective questions from the 2019 Post Utme Futo Commerce examination.

View More Post Utme Futo 2019 Commerce Questions More Post Utme Futo Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support